Oil States International Q1 EPS $0.21 Beats $(0.01) Estimate, Sales $167.26M Miss $190.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oil States International (NYSE:OIS) reported Q1 earnings of $0.21 per share, surpassing the $(0.01) estimate by 2200%, a 600% increase from last year. However, Q1 sales of $167.26M fell short of the $190.07M estimate, marking a 14.75% decrease from the previous year.

April 26, 2024 | 11:04 am
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Oil States International reported a significant earnings beat but missed on sales estimates for Q1, with earnings per share at $0.21 and sales at $167.26M.
The substantial beat on earnings per share (EPS) expectations is likely to positively impact investor sentiment towards OIS in the short term, despite the miss on sales estimates. The significant outperformance on the EPS front, especially given the 2200% beat and 600% increase from the previous year, suggests operational efficiency and profitability that could outweigh concerns over the sales miss. However, the 12% miss on sales forecasts and a 14.75% decrease from the previous year's sales could temper some of the positive momentum, making the overall short-term impact positive but with caution due to revenue concerns.
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